MINEXBANK MEMORANDUM for the period of March-September 2018
Dear Minexcoin community members and crypto-market participants.
Being entirely aware of our responsibilities in reaching the main goal of Minexcoin project, namely, consolidation of MNX status as a reserve currency on crypto-market, MINEXBANK appeals to you with this Memorandum.
Since the launch of MNX exchange trading on November 1, 2017, MINEXBANK has consistently implemented an integrated financial policy which made it possible to achieve the following macroeconomic indicators:
In a short time reached the 20 USD/MNX average exchange rate (through the basket of the top ten cryptocurrencies).
Upon reaching the rate mentioned above, ensured the MNX to USD growth rate based on 42.7% per annum. This rate corresponded to the average annual growth of the market capitalization of top ten cryptocurrencies in 2016 – the first half of 2017.
As was promised in the previous memorandum dated October 31, 2017, MINEXBANK reviews the average annual MNX to USD growth rate based on realities of the cryptocurrency market development in the second half of 2017.
Given a significant growth acceleration of the combined market capitalization in the second half of 2017, MINEXBANK sets a new benchmark for the MNX to USD growth rate (based on the reached level of 20 USD/MNX). It sets at a rate of no less than 84.88% per annum. It means that MINEXBANK will pursue a monetary policy to maintain an average annual growth of USD/MNX rate not lower than 84.88%. If the market conditions dictate a higher level of this indicator, MINEXBANK will not perceive this as a deviation from declared macroeconomic parameters. The interest rates for MNX parking policy will be aimed exclusively at preventing the deviation of the average USD/MNX annual growth rate from the level of 84.88% downwards.
The basic interest rate remains at 70% per annum.
MINEXBANK will achieve announced indicators by using appropriate MNX parking rates, and if necessary, by direct interventions of BTC or MNX.
This Memorandum shall enter into force at the moment of its publication on the Minexbank official website and is valid for six months before the publication of the new Memorandum. In case of extraordinary occasions in the crypto-industry, MINEXBANK reserves the right to revise this memorandum prematurely.
Status: product improving
At the moment, we’re in the homestretch of final tests of the banking algorithm, although it’s too early to speak about full autonomy. At the end of last year, the bank’s system was utterly re-architect and qualitatively improved, and now MinexBank is waiting for some cosmetic and usability improvements.
Also by the end of the first quarter, we’re planning to please you with the iOS version of the mobile banking.
Minexcoin Atomic Swap
Status: release in the first quarter of 2018
Although we can’t disclose all our technical achievements at the moment, we can share the fact that at the end of February the team will present you a working Atomic Swap with Minexcoin blockchain — a technology that enables direct peer-to-peer exchange across separate blockchains.
Along with this, we’ll release an alpha version of the decentralized exchange to you. At first, it will work as an interest-free exchanger for MNX/BTC and MNX/LTC pairs.
Status: launch in the second quarter of 2018
After the successful Atomic Swaps presentation and final debugging of all the processes linked to them, a decentralized stock exchange will be officially released. Thanks to Atomic Swap, we’re planning to provide a high level of security with as low commissions for traders as it possible at the same time. You will read about these processes in a next article.
Dear members of Minexcoin community and the cryptomarket participants.
While entirely recognizing our responsibility to reach the main goal of Minexcoin project, namely, securing MNX with the status of reserve currency on cryptomarket, we at MINEXBANK would like to address you with this Memorandum.
From the moment of starting MNX trade at the stock exchanges on November 1, 2017, MINEXBANK is going to consistently process complex financial policy which aims to ensure the following macroeconomic indicators:
Reach the exchange rate of 20 USD/MNX in the nearest future – average rate through the basket of the top 10 cryptocurrencies.
Provide increasing exchange rate of MNX to USD upon reaching the above-mentioned rate by the end of 2017 on the basis of 42,7% annual growth. This level corresponds to average annual growth of market capitalization of the top 10 cryptocurrencies in 2016 – the first part of 2017.
Next revision of the MNX growth rate to USD will be effected on March 1, 2018.
After March 1, 2018, the average annual growth rate of MNX to USD would be revised upwards based on realities of cryptocurrency market development. This is characterized by the significant growth of joint market capitalization in 2017 as compared to 2016.
The base annual parking rate of the MNX will be reviewed every 6 months based on the assessment of changes occurred in the cryptocurrency market for the expired period. Based on the analysis of the growth rate of the cryptocurrency market for the last 6 months, the base annual parking rate is set at 85% now.
Special reservation: first three months from November 1, 2017, will be the period of creation and development of the MNX exchange market. The market will be formed in stages due to different terms of trades launching on various exchanges. In addition, there will be a process of testing and debugging the algorithm of Minexbank’s operation in real conditions (the development of a database and response tools). Therefore, deviations from the real macroeconomic parameters declared in the Memorandum are possible in first three months.
MINEXBANK will seek to achieve the above-mentioned indicators using corresponding parking rates of MNX or with direct BTC or MNX interventions, if necessary.
The total volume of preliminary MNX emission is 5 500 000 MNX.
MINEXBANK’s reserve is 1 500 000 MNX out of the above-mentioned amount.
With the increase of the MNX volume in the market due to additional emission (work and miners’ reward) a gradual replenishment and increase of the reserves amount will be required. This growth will be ensured by a progressive percentage of deductions in favor of MINEXBANK for each unit unraveled by the miners:
Blocks 1 – 900 001 = 20%
Blocks 900 001 – 1 800 000 = 30%
Blocks 1 800 001 – 2 700 000 = 40%
Blocks 2 700 001 – 3 600 000 = 50%
Blocks 3 600 001 – 4 500 000 = 60%
Blocks 4 500 001 – 5 400 000 = 70%
After the coin issue is completed, starting from block number 5 400 001, miners will deduct a fixed 70% in favor of MINEXBANK.
We’d like to pay special attention of the MNX market participants to the following circumstance. MINEXBANK’s activity will be aimed at keeping the MNX quotes to USD within the 5% range of fluctuations relative to the representing the estimated growth rate of 42,7% per annum from the rate of 20 USD/MNX.
MINEXBANK urges all market participants to refrain from making deals outside the 5% corridor of the exchange rate fluctuations in order to avoid possible financial losses.
Minexcoins auf der Minexbank parken und 18% Zinsen im Monat dazuverdienen.
Hier ist ein sehr cooles Beispiel, wie man nur durch das lagern, b.z.w. Parken von Minexcoins auf der Minexbank krasse 18% Zinsen in nur einem Monat bekommt.
Das ist kein Scherz, es ist wirklich so. Es ist sogar besser als Bitcoin Mining oder andere Cloud Mining Dienste. Man brauch kein Geld in Hardware stecken und es kostet auch keinen Strom, wie z.B. beim Mining. Das Parken ist somit für den einen oder anderen Cryptofan vielleicht eine sehr gute Alternative zum Mining.
Alles was Ihr dazu braucht, sind die Minexcoins, die Ihr Euch auf Livecoin.net kaufen müsst. Leider gibt es bisher nur eine Exchange, wo man den Minexcoin kaufen kann.
Wenn Ihr den Minexcoin auf Livecoin.net gekauft habt, müßt Ihr Euch eine Minexcoin-Wallet auf Euren Computer herunterladen, erst dann könnt Ihr Euch bei der Minexbank anmelden. Seit Ihr dann dort angemeldet, schickt Ihr einfach Eure Minexcoins auf die Minexbank.
Jetzt könnt Ihr aussuchen, ob Ihr lieber Daily, Weekly , Monthly oder Yearly Eure Coins Parken möchtet.
Das beste Angebot im Moment sind die 18% Zinsen pro Monat ,oder wenn jemand langfristig denkt ,kann er auch 1 Jahr lang parken. Für 1 Jahr bekommt man im Moment 70% Zinsen.
Durch das Parken hat dieser Cryptocoin geringere Volumen-Umsätze wie andere Cryptowährungen. Das heißt ,das der Minexcoin weder nach oben explodiert, oder ins Bodenlose fällt, sondern eher ein recht stabiler Coin, im Gegensatz zu anderen Cryptos ist.
Wer Interesse hat kann mir schreiben, falls Fragen sind, oder besser besucht einfach die Homepage, wo Ihr Euch belesen könnt.
Please Voting for the Minexcoin that we can buying this cool Project on
other Exchanges, like Bittrex, Liqui Binance for example. This Projekt is very cool.
MinexCoin (MNX) is a global payments system based on a low volatility cryptocurrency which is a part of Minex ecosystem. Thanks to its stable exchange rate, MinexCoin is a reliable means of payment, while controllable growth of coin price makes it an attractive means of value storage. Containment of volatility and price growth are maintained by the system’s autonomous algorithm acting like a central bank, hence the name MinexBank. Financial instruments it employs would allow traders to earn from exchange rate margin without damaging the coin’s ecosystem. On the contrary, they would support it. URL: https://minexcoin.com/